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1400 N Singleton Ave 10,000 SF Retail Building Titusville, FL 32796 $1,730,625 CAD ($173.06 CAD/SF) 8.03% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Recent optional 5-year lease renewal; Leased through 9/30/2031 with potential extensions
  • Annual Rent 10/01/2026 through 9/30/2031: $106,491 plus $4200 parking lot maintenance
  • New LED parking lot lighting Oct 2024
  • Annual Rent through 9/30/26: $96,810 plus $3600 parking lot maintenance
  • Interior remodeled May 2025
  • New elastomeric roof coating Oct 2024

EXECUTIVE SUMMARY

This has been a great retail location for the last 24 years. The Current Lease extends to 9/30/2031, with ~6.5 years remaining, but the owner is negotiating another 5-year renewal extension. The parking lot has been recently remodeled, and new LED lighting has been installed. The metal roof has also been recently inspected and repaired, and a 15-year elastomeric roof coating has been installed. The interior was upgraded in April 2025.

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $134,033 $13.40
Other Income $4,984 $0.50
Vacancy Loss - -
Effective Gross Income $139,018 $13.90
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income (CAD)
Annual $134,033
Annual Per SF $13.40
Other Income (CAD)
Annual $4,984
Annual Per SF $0.50
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $139,018
Annual Per SF $13.90
Net Operating Income (CAD)
Annual -
Annual Per SF -

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
B
Year Built
1993
Price
$1,730,625 CAD
Price Per SF
$173.06 CAD
Cap Rate
8.03%
NOI
$139,018 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
5.35 AC
Zoning
1100 - RETAIL STORE
Parking
40 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
247’ on N Singleton Ave Ave

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • DOLLAR GENERAL
  • Retailer
  • 10,000 SF
  • $13.85 CAD
  • Double Net
  • Sep 2031
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
DOLLAR GENERAL Retailer 10,000 SF $13.85 CAD Double Net Sep 2031

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21-35-29-00-00550.0-0000.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,557,870 CAD
  • Listing ID: 33012890

  • Date on Market: 2024-08-30

  • Last Updated:

  • Address: 1400 N Singleton Ave, Titusville, FL 32796

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